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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands, shares in Millions
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Income Statement [Abstract]    
Net sales [1] $ 1,010,000 $ 1,083,300
Cost of sales 641,600 689,600
Gross profit 368,400 393,700
Operating expenses    
Distribution 21,600 20,200
Research and development 31,100 27,900
Selling 135,500 139,600
Administration 127,100 119,600
Restructuring 1,700 0
Total operating expenses 317,000 307,300
Operating income 51,400 86,400
Change in financial assets 0 (1,600)
Interest expense, net 32,000 28,900
Other (income) expense, net 2,400 1,700
Income from continuing operations before income taxes 17,000 57,400
Income tax expense (benefit) 14,200 (200)
Income from continuing operations 2,800 57,600
Income from discontinued operations, net of tax 35,300 48,800
Net income $ 38,100 $ 106,400
Basic    
Continuing operations (in dollars per share) $ 0.02 $ 0.42
Discontinued operations (in dollars per share) 0.27 0.36
Basic earnings per share (in dollars per share) 0.29 0.78
Diluted    
Continuing operations (in dollars per share) 0.02 0.42
Discontinued operations (in dollars per share) 0.26 0.35
Diluted earnings per share (in dollars per share) $ 0.28 $ 0.77
Weighted-average shares outstanding    
Basic (in shares) 133.2 136.2
Diluted (in shares) 134.6 137.3
[1] Derived from the location of the entity that sells to a third party.